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Ownership Concentration and Firm Performance in Transition Economies: Evidence from Montenegro
Kalezić, Zorica - In: Journal of Central Banking Theory and Practice 4 (2015) 3, pp. 5-64
The relationship between ownership concentration and firm performance has been the focal point of corporate governance literature and the subject of rather rich empirical literature. However, the current literature lacks uniformity and consensus regarding the nature and direction of this...
Persistent link: https://www.econbiz.de/10012217812
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Firm performance and family related directors: Empirical evidence from an emerging market
Hendrawaty, Ernie - In: Contemporary Economics 13 (2019) 2, pp. 187-204
Board composition is central to the worldwide corporate governance reforms that have taken place in recent years. The strong emphasis on director independence and board leadership is now part of all corporate governance regimes, including the regimes which has been introduced in Malaysia. It is...
Persistent link: https://www.econbiz.de/10014544599
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Testing for efficiency in the Saudi stock market: does corporate governance change matter?
Al-Faryan, Mamdouh Abdulaziz Saleh; Dockery, Everton - In: Review of Quantitative Finance and Accounting (2020) Latest Articles, pp. 1-30
We study the informational efficiency of the Saudi stock market (SSM), while accounting for corporate governance change, based on single, multiple, and variance ratio-based WALD tests and runs test. The main findings indicate that when the whole period is considered, the random walk hypothesis...
Persistent link: https://www.econbiz.de/10012306206
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Timely loss recognition and termination of unprofitable projects
Srivastava, Anup; Sunder, Shyam V.; Tse, Senyo - In: China Journal of Accounting Research 8 (2015) 3, pp. 147-167
Ideally, firms should discontinue projects that become unprofitable. Managers, however, continue to operate such … unprofitable projects; thereby, enabling them to force managers to discontinue such projects before large value erosion occurs … increases the likelihood of timely closures of unprofitable projects. Moreover, managers, by announcing late discontinuations of …
Persistent link: https://www.econbiz.de/10011937008
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Power, rent extraction, and executive compensation
Bebchuk, Lucian; Fried, Jesse - In: CESifo Forum 03 (2002) 3, pp. 23-28
Persistent link: https://www.econbiz.de/10011695703
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Corporate governance, research and development volatility and firm performance: Evidence from Spain and Ireland
Duppati, Geeta; Sune, Albert; Samanta, Navajyoti - In: Cogent Economics & Finance 5 (2017) 1, pp. 1-16
The present study sheds light on the comparative experiences of the two countries originating from differing legal systems and describes how their codes and practices affect the publicly listed firms' performance. It investigates the linkages between Research and Development (R&D) expenditures,...
Persistent link: https://www.econbiz.de/10011988740
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Does the human capital of board directors add value to firms? Evidence from an Asian market
Nguyen, Tuan; Nguyen, An; Locke, Stuart; Reddy, Krishna - In: Cogent Economics & Finance 5 (2017) 1, pp. 1-17
This paper investigates the effect of the human capital of directors on the financial performance of Vietnamese-listed companies. The dynamic system generalised method of moments (system GMM) estimator is used to examine a panel data-set consisting of 315 firm-year observations over a four-year...
Persistent link: https://www.econbiz.de/10011988798
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Is there a non-linear relationship of market value with cash and ownership?
Arvanitis, Stavros E.; Stamatopoulos, Theodoros V.; … - In: SPOUDAI - Journal of Economics and Business 68 (2018) 1, pp. 3-25
The paper provides new evidence on the way that both the cash and ownership influence firms' market value in the Athens Stock Exchange (ASE) within the Eurozone (2000-2015). Based on corporate governance theory and critical analysis we use the dynamic panel data econometrics, in order to get...
Persistent link: https://www.econbiz.de/10011994282
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Corporate governance and corporate social responsibility synergies: A systemic approach
Nikolić, Jelena; Zlatanović, Dejana - In: Naše gospodarstvo / Our Economy 64 (2018) 3, pp. 36-46
Respecting the importance of corporate governance (CG), particularly various corporate governance mechanisms for improving corporate social responsibility (CSR) activities, the paper highlights relevant CG-CSR synergies from the perspective of systems thinking. The paper further aims to...
Persistent link: https://www.econbiz.de/10012117610
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Corporate governance and its impact on firm risk
Alam, Abdullah; Shah, Syed Zulfiqar Ali - In: International Journal of Management, Economics and … 2 (2013) 2, pp. 76-98
The aim of this research is to explore the relationship of corporate governance with firm risk. This study establishes a link between corporate governance variables and firm risk for a sample of 106 Pakistani firms over a time of six years (2005-2010). Based on the estimation results, family...
Persistent link: https://www.econbiz.de/10010314837